Economic Advisory Council

PM Modi underscored 'Nari Shakti' as a key driver of India's growth

While on the growth outlook of the next financial year FY24, he said he is optimistic on the growth story than many of global agencies forecast

Funding under IIPDF Scheme is in addition to Viability Gap Funding Scheme notified in December 2020

The financial burden depends on the design of the scheme.

The RBI is justified in using the country's foreign exchange reserves to smooth out volatility in the rupee's moves against the dollar, a member of the Economic Advisory Council said

A council advising the Prime Minister recommends securing employment for the urban poor.

The council said contact intensive sectors and construction should recover in 2022-23

The world today is simply too complex for economists to comprehend in real time

While CMs have allowed former officers to explore both revenue and expenditure depts in their role as advisors, all states have limited the remit of economists to that of only expenditure

In the earnings department, a total of seven companies including Britannia, Bharti Infratel, and Hathway Cable are scheduled to announce their March quarter results today

Talking to reporters, Finance Commission Chairman N K Singh said the Commission plans to make recommendations on Goods and Services Tax (GST), which will be for the GST Council to consider

The Council will analyse and review the status of economic development and growth in the state

Sajjid Chenoy, India economist at JP Morgan is the new part-time member

The set-up in Modi 1.0 and 2.0 is geared to sector-specific guidance rather than macro-economic counsel

Members on the PM's Economic Advisory Council are entitled to their views on the economy but they aren't really free to express them while staying on the council

The first priority of the task force will be to draft a note suggesting ways to revive growth and employment, said officials aware of the task force's work

Newly formed panel will meet again in November to discuss critical issues for next year's budget

Economists have called for the expansionary fiscal policy to stimulate consumer demand in India